Washington Trust Advisors Inc. Sells 86 Shares of The Procter & Gamble Company (NYSE:PG)

Washington Trust Advisors Inc. lowered its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,271 shares of the company’s stock after selling 86 shares during the period. Washington Trust Advisors Inc.’s holdings in Procter & Gamble were worth $2,970,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PG. Wyrmwood Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. acquired a new position in shares of Procter & Gamble during the second quarter valued at about $50,000. CGC Financial Services LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth about $55,000. VitalStone Financial LLC bought a new stake in Procter & Gamble in the second quarter worth about $60,000. Finally, RVW Wealth LLC purchased a new position in Procter & Gamble during the 3rd quarter valued at $77,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Truist Financial upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the company from $160.00 to $175.00 in a research report on Monday, March 11th. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Stifel Nicolaus raised their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Finally, UBS Group increased their price target on Procter & Gamble from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $168.41.

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 74,443 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total value of $11,412,111.90. Following the completion of the transaction, the chief executive officer now directly owns 973 shares of the company’s stock, valued at approximately $149,160.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total value of $15,618,683.28. Following the transaction, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ma. Fatima Francisco sold 74,443 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.30, for a total transaction of $11,412,111.90. Following the sale, the chief executive officer now owns 973 shares of the company’s stock, valued at $149,160.90. The disclosure for this sale can be found here. Insiders have sold 279,063 shares of company stock valued at $43,187,745 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.3 %

Shares of NYSE:PG traded down $0.45 during trading on Thursday, hitting $162.16. The company had a trading volume of 3,028,796 shares, compared to its average volume of 6,838,343. The company has a fifty day simple moving average of $158.17 and a two-hundred day simple moving average of $152.09. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $163.14. The stock has a market cap of $381.57 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 3.28 and a beta of 0.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.64 and a quick ratio of 0.44.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, January 23rd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.14. Procter & Gamble had a return on equity of 34.04% and a net margin of 17.60%. The company had revenue of $21.44 billion for the quarter, compared to analyst estimates of $21.48 billion. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts forecast that The Procter & Gamble Company will post 6.45 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Friday, January 19th were paid a dividend of $0.9407 per share. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.76 annualized dividend and a yield of 2.32%. Procter & Gamble’s dividend payout ratio (DPR) is 62.98%.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.